Chapter 1 Understanding The Managers Job

Chapter 1 Understanding The Manager’s Job

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• What is defined as a set of activities directed at an organization’s resources with the aim of achieving organizational

goals in an efficient and effective manner?

• Economics
• Planning
• Management
• Operations
• Divestment

ANSWER: c

RATIONALE: Management can be defined as a set of activities (including planning and decision making, organizing, leading, and controlling) directed at an organization’s resources (human, financial, physical, and information) with the aim of achieving organizational goals in an efficient and effective manner.

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: MGMT.GRIF.22.1.1 - LO: 1.1

ACCREDITING STANDARDS: BUSPROG: Analytic

TOPICS: An Introduction to Management

KEYWORDS: Bloom's: Remember

DATE CREATED: 5/4/2021 7:41 AM

DATE MODIFIED: 5/4/2021 7:45 AM

• Which of the following helps make the management process efficient?
• Increasing overhead production costs
• Using resources in a cost-effective manner
• Making management decisions independently of the organization's external environment
• Using the majority of resources for sales promotion activities
• Using micromanagement techniques

ANSWER: b

RATIONALE: A management process is efficient when resources are used wisely in a cost-effective way.

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: MGMT.GRIF.22.1.1 - LO: 1.1

NATIONAL STANDARDS: United States - United States - BUSPROG: Analytic ACCREDITING STANDARDS: BUSPROG: Analytic

TOPICS: An Introduction to Management

KEYWORDS: Bloom's: Understand

DATE CREATED: 5/4/2021 7:46 AM

DATE MODIFIED: 5/4/2021 7:48 AM

• A management process is considered to be effective when _____.

(Fundamentals of Management, 10e Ricky Griffin) 1 / 4

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• overhead production costs decrease
• the right decisions are made and implemented
• decisions are made independently of the organization's external environment
• the same amount of resources are allocated to all the functions of the organization
• the organization is highly centralized

ANSWER: b

RATIONALE: A management process is considered to be effective when the right decisions are made and successfully implemented.

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: MGMT.GRIF.22.1.1 - LO: 1.1

ACCREDITING STANDARDS: BUSPROG: Analytic

TOPICS: An Introduction to Management

KEYWORDS: Bloom's: Remember

DATE CREATED: 5/4/2021 7:48 AM

DATE MODIFIED: 7/5/2022 7:32 AM

• One of the titles found in the group of middle managers is
• director.
• vice president.
• supervisor.
• office manager.
• plant manager.

ANSWER: e

RATIONALE: Middle management is probably the largest group of managers in most organizations.Common middle-management titles include plant manager, operations manager, and division head.

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: MGMT.GRIF.22.1.1 - LO: 1.1

ACCREDITING STANDARDS: BUSPROG: Analytic

TOPICS: An Introduction to Management

KEYWORDS: Bloom's: Remember

DATE CREATED: 5/4/2021 7:52 AM

DATE MODIFIED: 5/4/2021 7:54 AM

• Which of the following statements about top managers is true?
• They are the largest group of managers in most organizations.
• They officially represent their organization to the external environment.
• They primarily oversee the day-to-day operations of an organization.
• They supervise and coordinate the activities of first-line managers.
• They supervise and coordinate the activities of operating employees. 2 / 4

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ANSWER: b

RATIONALE: Top managers create the organization’s goals, overall strategy, and operating policies.They also officially represent the organization to the external environment by meeting with government officials, executives of other organizations, and so forth.

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: MGMT.GRIF.22.1.1 - LO: 1.1

ACCREDITING STANDARDS: BUSPROG: Analytic

TOPICS: An Introduction to Management

KEYWORDS: Bloom's: Understand

DATE CREATED: 5/4/2021 7:54 AM

DATE MODIFIED: 5/4/2021 7:56 AM

• Which of the following is the role of top managers in an organization?
• Overseeing day-to-day operations
• Performing routine administrative tasks
• Implementing plans of first-line managers
• Creating organizational goals and overall strategy
• Coordinating the work of first-line managers

ANSWER: d

RATIONALE: Top managers create the organization’s goals, overall strategy, and operating policies.They also officially represent the organization to the external environment by meeting with government officials, executives of other organizations, and so forth.

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: MGMT.GRIF.22.1.1 - LO: 1.1

ACCREDITING STANDARDS: BUSPROG: Analytic

TOPICS: An Introduction to Management

KEYWORDS: Bloom's: Understand

DATE CREATED: 5/4/2021 7:57 AM

DATE MODIFIED: 5/4/2021 7:59 AM

• Who would be responsible for making decisions about activities such as investing in research and development (R&D)

and entering or abandoning various markets?

• Division heads
• Limited partners
• First-line managers
• Middle managers
• Top managers

ANSWER: e

RATIONALE: Top managers make decisions about activities such as acquiring other companies, investing in research and development (R&D), entering or abandoning various markets, 3 / 4

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and building new plants and office facilities.

POINTS: 1

DIFFICULTY: Moderate

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: MGMT.GRIF.22.1.1 - LO: 1.1

ACCREDITING STANDARDS: BUSPROG: Analytic

TOPICS: An Introduction to Management

KEYWORDS: Bloom's: Understand

DATE CREATED: 5/4/2021 7:59 AM

DATE MODIFIED: 5/4/2021 8:01 AM

• A common middle-management title is
• chief executive officer (CEO).
• division head.
• supervisor.
• line manager.
• coordinator.

ANSWER: b

RATIONALE: Middle management is probably the largest group of managers in most organizations.Common middle-management titles include plant manager, operations manager, and division head.

POINTS: 1

DIFFICULTY: Easy

QUESTION TYPE: Multiple Choice

HAS VARIABLES: False

LEARNING OBJECTIVES: MGMT.GRIF.22.1.1 - LO: 1.1

ACCREDITING STANDARDS: BUSPROG: Analytic

TOPICS: An Introduction to Management

KEYWORDS: Bloom's: Remember

DATE CREATED: 5/4/2021 8:01 AM

DATE MODIFIED: 5/4/2021 8:03 AM

• Which is likely to be the largest group of managers in most organizations, who are primarily responsible for

implementing the policies and plans of an organization.

• Middle managers
• Top managers
• The members of the board of directors
• First-line managers
• Floor supervisors

ANSWER: a

RATIONALE: Middle management is probably the largest group of managers in most organizations.Middle managers are primarily responsible for implementing the policies and plans developed by top managers and for supervising and coordinating the activities of lower- level managers.

POINTS: 1

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